Stock index FTSE 100 is trading at the level of 7519.6. The FTSE 100 is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an bullish trend in the FTSE 100. A signal lines area test is expected near the level 7440.0, from which it is expected to try to grow and develop a bullish trend at the stock index with target at level 7600.0.
Technical Analysis and forecast FTSE 100 on May 18, 2017
Earlier, a medium strength signal was obtained for the buy of the stock index FTSE 100, due to the crossing of the signal lines at the level of 7241.0. The cancellation of the growth of quotations of the stock index will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the area of 7330.0, which will indicate a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations of the stock index FTSE 100 will be the breakdown of the local maximum area at the level of 7560.0.
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